Personal accessories in 2024: The big picture
In 2024, personal accessories in Switzerland recorded a 2% retail value growth, with this increase in value bolstered by the rise in average unit prices. However, retail volume sales showed a stagnant performance, reflecting cautious purchasing behaviours among consumers.
2024 key trends
Polarisation was evident in personal accessories in Switzerland in 2024. A notable duality was evident in the market, with demand for luxury items and sustained growth for more affordable mass-market products.
Competitive landscape
The market for personal accessories in Switzerland remained highly fragmented in 2024, with a vast number of companies spanning luxury, mid-range, and budget segments. Despite the variety, international players and brands continued to dominate the sector, particularly in the high-value categories of watches, jewellery, bags, and writing instruments.
Retailing developments
In Switzerland, the market for personal accessories is supported by a diverse range of specialist retailers. Leisure and personal goods specialists continued to generate the bulk of sales in 2024, with jewellery and watch specialists leading.
What next for personal accessories?
Personal accessories in Switzerland will record ongoing retail value growth over the forecast period. Traditional and connected watches are set to continue dominating the market, accounting for the majority of value sales within the personal accessories sector.
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Overview:
Understand the latest market trends and future growth opportunities for the Personal Accessories industry in Switzerland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Bags and Luggage
- Jewellery
- Watches
- Writing Instruments
If you're in the Personal Accessories industry in Switzerland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Personal Accessories in Switzerland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Personal Accessories in Switzerland?
- Which are the leading brands in Personal Accessories in Switzerland?
- How significant is tourism in determining sales and demand for Personal Accessories in Switzerland?
- How are COVID-19 and global recession impacting demand for Personal Accessories in Switzerland?
- In the wake of COVID-19, how soon can Personal Accessories be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Personal Accessories in Switzerland
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
Bags and Luggage in Switzerland
KEY DATA FINDINGS
Duffle bags and luxury handbags drive retail volume growth, challenging sales in other bag areas
Luxury handbags lead sales as brands focus on social media to engage consumers
Hermès International SCA retains its lead, innovating to engage consumers
Luxury handbags drive growth, while business bags are challenged by new working models
Retail e-commerce and social media increasingly drive sales in bags and luggage
Sustainability and technological advancements will shape innovations within luggage
Jewellery in Switzerland
KEY DATA FINDINGS
Retail volume decline for fine jewellery, while costume jewellery benefits from its affordability
Lab grown diamonds fail to capture consumer interest in Switzerland
Cartier International retains its lead, benefiting from offering investment pieces
Fine jewellery leads value sales, however, retail volume growth is expected to struggle in all areas
Sustainability concerns are expected to drive the use of lab diamonds and recycled gold
Gold jewellery will face challenges due to high prices while silver will continue to dominate
Traditional and Connected Watches in Switzerland
KEY DATA FINDINGS
Traditional watches outperform connected watches, which record a volume and value decline
The Swatch Group and Rolex SA lead the competitive landscape with strong brand reputations
Jewellery and watch specialists continue to lead sales through in-person expertise
Traditional watches record positive value growth while demand for connected watches is expected to decline
High and mid watches are set to drive demand as basic watches decline
Lack of innovation and competition from alternative smart wearables is set to challenge sales of connected watches
Writing Instruments in Switzerland
KEY DATA FINDINGS
Positive retail value growth driven by mechanical pencils, markers and highlighters
Pens remain popular in Switzerland, as ballpoint and rollerball pens lead sales
Montblanc International retains the lead, launching new ranges during 2024
Demand for mechnical pencils is set to decline as refills extend the lifespan of the product
Retail e-commerce is expected to gain ground as consumers prioritise convenience
Sustainability, social media and digitisation are set to influence the writing instruments category
The following categories and subcategories are included:
Personal Accessories
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- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
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- Non-Luxury Handbags
- Luxury Handbags
- Wallet and Coin Pouches
- Other Small Bags
- Luggage
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- Costume Jewellery
- Fine Jewellery
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- Basic Mechanical Watches
- Mid Mechanical Watches
- High Mechanical Watches
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- Basic Quartz Analogue Watches
- Mid Quartz Analogue Watches
- High Quartz Analogue Watches
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- Basic Quartz Digital Watches
- Mid Quartz Digital Watches
- High Quartz Digital Watches
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- Basic Quartz Analogue Watches
- Basic Quartz Digital Watches
- Basic Mechanical Watches
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- Mid Quartz Analogue Watches
- Mid Quartz Digital Watches
- Mid Mechanical Watches
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- High Quartz Analogue Watches
- High Quartz Digital Watches
- High Mechanical Watches
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- Basic Activity Watch (Analogue)
- Mid Activity Watch (Analogue)
- High Activity Watch (Analogue)
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- Basic Activity Watch (Digital)
- Mid Activity Watch (Digital)
- High Activity Watch (Digital)
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- Basic Smart Wearables
- Mid Smart Wearables
- High Smart Wearables
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- Colouring
- Markers and Highlighters
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- Graphite Pencils
- Mechanical Pencils
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- Ball Point Pens
- Fountain Pens
- Roller Ball Pens
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- Pen Inkwells and Refills
- Pencil Lead Refills
- Other Writing Accessories
Personal Accessories
Personal Accessories refers to a diversified group of personal products including Bags & Luggage, Jewellery, Watches and Writing instruments.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
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This report originates from Passport, our Personal Accessories research and analysis database.
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